As traders ourselves we know security is a topic that must be talked about. The crypto industry has faced many problems from security breaches to crypto scams, for this reason, we feel the duty to explain in detail every inch of security.

the first step: API key encryption.

DipSway connects to your exchanges via encrypted API keys and has zero access to withdraw or transfer funds. Any API key that comes with enabled permission to withdraw funds will not be accepted by the system.

Because of your API settings, your funds and other personal wallet information cannot be touched by us.

This set of API keys is directly connected to DipSway’s bot and as you see the Withdraw box is disabled. The only boxes enabled should be: Reading, Spot & Margin Trading.

The set of API keys you generate can be connected to ONLY one account. Our system will auto-detect this condition and won’t allow you to create multiple accounts with the same API Keys.

Users are now obligated to connect through our AllowList IP. check out here

OAuth: Seemless Connection Between DipSway and Exchange

What Is OAuth?

OAuth, short for open-standard authentication, is a framework for authorization that permits applications to request secure delegated admittance to external systems.

In brief, OAuth enables users to provide applications with permission to access their data on other applications, without disclosing significant credentials such as passwords.

When you sign-up through a google authentication you use OAuth. Additionally, our OAuth service is offered by Stytch which is a third-party website that grants an even higher security level for your data.

RSA 2048: 2048-bit RSA Encryption: Stronger Security Than in Your Online Bank

Description: You’ll be happy to know that DipSway is actually safer than a lot of those banking apps you use. We take security super seriously around here. All the data that gets sent to our servers is encrypted using top-of-the-line 2048-bit protocols, and we keep it all on a super-secure network that’s got a firewall to keep out any evildoers.

What exactly is this RSA 2048?

So, you know how we keep our online stuff safe from hackers, right? Well, there’s this thing called RSA-2048 encryption that’s like the Cerberus of online security. RSA stands Rivest–Shamir–Adleman (the inventors), and it’s the go-to protocol we deliberately use to make sure your sensitive data stays private.

Why is it so great? The key length is a whopping 2048 bits, which means it’s pretty much impossible to crack using those brute-force methods the bad guys like to use, the reason is that computers at our disposal simply aren’t powerful enough to compute operations strong enough to break in. It gets better! every single DipSway user has its very own RSA-2048 key, so you don’t have to worry about anyone snooping around where they shouldn’t be.

“Want to crack RSA encryption? You might need millions of years”

AES: It cannot get any stronger than this.

This level of security is used by the American government!

The Advanced Encryption Standard (AES) is like a super strong lock that the U.S. government picked to protect its secrets. AES is a protocol DipSway uses to keep your important and private information safe, and, for this reason, we decided to enrich our defense systems with it.

To read more about this: AES algoritm.

ECC: Elliptic Curve Cryptography, next-gen security measure.

Going overboard with security measures is what makes us sleep well at night.

ECC is a key-based technique for encrypting data. ECC focuses on pairs of public and private keys for the decryption and encryption of web traffic.

ECC is frequently discussed in the context of the RSA cryptographic algorithm. RSA achieves one-way encryption of things like emails, data, and software using prime factorization.

ECC generates security between key pairs for public key encryption by using the mathematics of elliptic curves.

In summary, it creates keys that are more difficult, mathematically, to crack. For this reason, ECC is considered to be the next-generation implementation of public key cryptography and is more secure than RSA.

To read more about this: ECC algorithm.

Conclusion:

You’re safe with DipSway.

You’re covered from top to bottom thanks to all of the defensive mechanisms implemented (RSA 2048, ECC, AES, API keys encryption).

We’ve never been hacked and we’ll continue to keep up with the updates of defensive systems as they evolve to ensure continuous top-quality protection so you can feel confident on our platform.